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Stocks mostly higher...Ground turkey recall...Health care facility indicted

November 16, 2018

NEW YORK (AP) — Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday. The S&P 500 index rose 6.07 points, or 0.2 percent, to 2,736.27. The Dow Jones Industrial Average gained 123.95 points, or 0.5 percent, to 25,413.22. The Nasdaq composite slid 11.16 points, or 0.2 percent, to 7,247.87. The Russell 2000 index of smaller companies picked up 3.41 points, or 0.2 percent, to $1,527.53. Benchmark U.S. crude oil was unchanged at just under $56.50 a barrel. The dollar fell against the yen and the euro.

NEW YORK (AP) — Jennie-O Turkey recalled ground turkey in a salmonella outbreak, and regulators say additional products from other companies could be named as their investigation continues. The recall was the first — not counting pet food — tied to a widespread and ongoing outbreak that has resulted in one death and 164 reported illnesses in 35 states. The products being recalled include 1-pound packages of raw, ground Jennie-O turkey and were sold nationwide. The more than 91,000 pounds of turkey had use-by dates of early October and shouldn’t be in stores anymore, but could still be in freezers.

FORT WORTH, Texas (AP) — A Texas corporation that runs behavioral health hospitals is accused of illegally holding four patients, two of whom were voluntary patients who were allegedly prohibited from leaving. The Fort Worth Star-Telegram reported that SAS Healthcare Inc., also known as Sundance Behavioral Healthcare System, detained two patients involuntarily at its Arlington facility longer than the 48 hours allowed without a court order. It also accuses the company of not allowing two voluntary patients to leave. The company faces nine counts.

FRANKFURT, Germany (AP) — Volkswagen intends to invest 44 billion euros ($50 billion) in the electric and autonomous car technologies expected to reshape the industry — and said it would make battery-powered vehicles more accessible to mass-market auto buyers by selling its new I.D. compact for about what a Golf diesel costs. Chairman Hans Dieter Poetsch said the investment plans for the next five years aim to make Volkswagen “a worldwide supplier of sustainable mobility.” He added that the company is in talks with Ford about possible cooperation in making light commercial vehicles.

NEW YORK (AP) — Airbnb had its best quarter ever, even as cities across the U.S. have started clamping down on the short-term rental market. Revenue during the third quarter breezed past the $1 billion level as guest reservations boomed internationally in places like Beijing, Mexico City and Birmingham, England. The San Francisco company said Friday it expects a record one million guests to stay at Airbnb listings across the U.S. during the Thanksgiving holiday.

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